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June 26, 2009 3:07 pm ET filed under Fact Check
Rep. Cole Cites Debunked Cap-And-Trade Cost Estimate
On June 26, 2009, Rep. Tom Cole stated that the cost of the American Clean Energy and Security Act would be "more than $3,000 a year." However, the Congressional Budget Office "estimates that the net annual economy wide cost of the cap-and-trade program in 2020 would be $22 billion-or about $175 per household."
